Merrimac Ventures Breaks Ground On $90 Million Merrimac Plantation Multifamily Development In Plantation

South Florida-based development firm Merrimac Ventures has broken ground on Merrimac Plantation, a new multifamily development on the rise in the City of Plantation, Florida. Located at 1711 N. University Drive, Merrimac Plantation will total 293,945 square feet with 306 rental apartments across two six-story midrise buildings. Construction is now underway and slated for completion in 2023.

Apartments will range from one- to three-bedroom layouts, featuring modern stainless-steel appliances, high-end European cabinetry, elegant quartz countertops, and smart locks and thermostats. Amenities will include a double height lobby, club room, pool, covered terrace, barbecue grilling stations, two exterior courtyards, fitness center, a co-working and business center with private offices and conference rooms, a resident ‘hangout’ lounge, dog park and dog spa, electric vehicle charging stations, and available Wi-Fi connectivity throughout the property.

“Once completed, Merrimac Plantation will meet growing demand for market rate rental housing in Central Broward County, which is experiencing an influx of new residents drawn to the area’s accessible location, appealing quality of life, and proximity to several major employers,” said Nitin Motwani, Managing Partner of Merrimac Ventures.

Merrimac Plantation will provide residents an appealing live, work, play environment, with the property’s strategic location adjacent to the Plantation Midtown Business District, an 860-acre master-planned development featuring 2.5 million square feet of retail and restaurants as well as 3 million square feet of office space. Also within close proximity is the Plantation Pointe Office Park, the Westside Regional Medical Center, and the Plantation Walk mixed-use redevelopment. Large retail outlets nearby include the one million square foot Fountain Shoppes lifestyle center and the 2.4 million square foot Sawgrass Mills. Residents can also enjoy Plantation's Central Park, a 103-acre park with a multitude of sporting activities.

Broward County’s City of Plantation is a growing, vibrant municipality and one of South Florida’s most desirable suburban neighborhoods, with a residential population exceeding 94,000 and a daily workforce of more than 55,000. As Plantation’s thriving business community continues to grow and attract major companies, the City is already home to some of the region’s largest employers including Motorola Solutions, Aetna Insurance, TradeStation, Virgin Voyages, AmSurg, Baptist Health, Magic Leap and Chewy. Plantation is easily accessible to major highways including the Florida Turnpike, and is within a 20-minute drive of Fort Lauderdale-Hollywood International Airport and Port Everglades.

Merrimac Plantation is the newest addition to Merrimac Ventures’ growing portfolio of developments across South Florida. The firm’s current projects include the Four Seasons Hotel and Residences Fort Lauderdale Beach; Riverfront East, a new mixed-use development underway in the heart of Downtown Fort Lauderdale that is currently home to the popular outdoor event venue The Wharf; the recently opened Flagler Village Hotel, a dual branded Hilton Tru/Home2 Suites property adjacent to Brightline’s train station; an 11-story boutique condominium planned for 530 North Beach Road in Fort Lauderdale Beach; 1350 South Ocean, an approved 27-story, 92-unit luxury condominium tower along the beachfront in Pompano Beach; 317 North Federal, a 716-unit multifamily development in Fort Lauderdale; and Miami Worldcenter, a $4 billion, 27-acre master planned mixed-use development underway in Downtown Miami.

Images via Al Evans, Downtown Photo

PARAMOUNT Miami Worldcenter Reveals Contemporary Art Collection For Art Basel With Flying Car

The art of innovation will be on display during Miami Art Week as PARAMOUNT Miami Worldcenter has revealed a prototype of the world’s first flying car along with its contemporary art collection at a special preview exhibit to kick off Art Basel. PARAMOUNT, the world’s most amenitized tower known for its innovative flying car Skyport, will host the exhibit entitled: “Miami 2020 and Beyond” featuring the PAL-V (Personal Air Landing Vehicle) Pioneer flying car and an impressive contemporary art collection including “Red World” by renowned artist Steven Manolis, and “Miami Vice” and “Moons Over Miami” by Miami’s hometown museum-class graffiti artist Ahol Sniffs Glue.

The outer-worldly Dutch-made PAL-V Pioneer, already in production and selling for $599,000 with 70 flying cars already sold, is equipped with retractable overhead and rear propellers and tail wings, and can cruise at an altitude as high as 12,500’. Using automobile gasoline instead of jet fuel, it reaches speeds of 200 miles per hour in the air and 100 miles per hour on the ground.

Miami is regarded as the “City of the Future” and PARAMOUNT prides itself on being light years ahead of all other projects in South Florida. Its 58th floor Skydeck is designed so it can be modified in the future as a Skyport with a hydraulic floor capable of transforming its rooftop pool into a take-off and landing pad for flying cars.

The exhibit unveils works in PARAMOUNT’s permanent collection including a painting by Steven Manolis as well as canvases by acclaimed street artist Ahol Sniffs Glue (also known as David Anasagasti). His murals depicting “drowsy eyes” have gained notoriety with a recent showing at the Norton Museum in Palm Beach and Wynwood’s newly debuted Museum of Graffiti. Two canvases, measuring 12 feet x 14 feet and 12 feet by 15 feet, feature his trademark “eyes” in spray paints combining silvers, grays and whites in step with the tones of the PARAMOUNT lobby and the building’s sophisticated urban design. Other works include dreamy, floating sculptures by Tatiana Blanco, paintings by Janos, photographs by Rafael Balcazar, and Gonzalo Fuenmayor, and many other acclaimed artists.

“We are delighted to support, promote and celebrate innovation as well as prominent local and international artists at PARAMOUNT Miami Worldcenter,” said developer Dan Kodsi. “Miami is the city of the future and an international art world capital. We are pleased to celebrate Miami Art Week by unveiling our Contemporary Collection.”

PARAMOUNT, located inside the massive Miami Worldcenter project in the heart of downtown Miami, is 90% sold with more than $400 million in sales of their 500+ city- and bay-view residences. Tower residences range in size from 1,180 SF to 2,350 SF, with prices starting at $750 per square foot. It has more than 57 nationalities represented among its buyer pool.

The only residential tower currently for sale within the massive 27-acre mixed-use Miami Worldcenter site, PARAMOUNT has made international headlines with its Upper Deck. It is the largest amenity deck in the U.S., spanning four acres, positioned 90’ above downtown Miami. It features an extraordinary array of action-packed luxury amenities that include the country’s first outdoor soccer field to be featured in a high-rise residential development; two tennis courts; multiple resort-style pools; lush parks and spa baths, among others.

Four Seasons Hotel & Private Residences Fort Lauderdale Tabs Coastal Construction As General Contractor

Following the announcement that Four Seasons Hotel and Private Residences Fort Lauderdale is more than 50% sold, Miami-based development company Fort Partners celebrated the success and progress of the luxury development at an exclusive luncheon announcing their selection of Florida-based construction company Coastal Construction as the general contractor for the project with premier construction management company Lehrer Cumming overseeing construction of the luxury tower. Fort Lauderdale Mayor Dean Trantalis also addressed the audience, speaking to the state of the city’s real estate market, highlighting the growth and transformation of Fort Lauderdale into an international destination. Upon completion, Four Seasons Fort Lauderdale will be one of Fort Partners’ iconic properties within the Four Seasons portfolio and Fort Lauderdale’s first true five-star destination.

“Four Seasons Hotel and Private Residences Fort Lauderdale is making incredible strides to help redefine this city as an international destination, and we are pleased to celebrate our recent success as we progress towards completion,” said Nadim Ashi, Founder of Fort Partners. “We’ve selected the best industry leaders to oversee this monumental development throughout each stage of development, and are thrilled to welcome both Coastal Construction and Lehrer Cumming to our team.”

Coastal Construction is one of the Southeast’s preeminent construction companies and is ranked in the top 100 construction management companies in the country. The firm has a distinguished roster of clients including Fort Partner’s distinguished development, The Surf Club in Miami, as well as Porsche Design Tower and Miami Beach’s Faena District. Led by Chairman and CEO Thomas P. Murphy, Jr., Coastal Construction was founded in 1988 and has been under the Murphy family’s leadership for four generations.

“Coastal Construction is honored to have been selected by Fort Partners as the general contractor of record for Four Seasons Hotel and Private Residences Fort Lauderdale. It is a privilege to once again work with the Fort Partners development team, on this transformative tower which is setting a new benchmark for luxury living in Fort Lauderdale,” said Thomas P. Murphy, Jr., Chairman and CEO of Coastal Construction.

The 22-story hotel and condominium development will offer 130 guest rooms and 90 residences ranging in size from one- to four-bedrooms, with each residence offering sprawling living spaces and generous outdoor terraces with unparalleled views of the Atlantic Ocean and Intracoastal Waterway. Residents will receive special courtesies at Fort Partner’s premier portfolio, including Four Seasons Hotel and Residences at The Surf Club in Surfside, Four Seasons Resort Palm Beach, and Norman’s Cay, an exclusive island in the Bahamas. Four Seasons Fort Lauderdale broke ground in spring 2018 and construction remains on schedule. Pricing for two- to four-bedroom private residences begins at $3.795 million.

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